On Thursday, the wheat area in Chicago accelerated the rate of decline. Powerful pressure on the trades had news from the southern hemisphere, where it enters its active phase the harvesting campaign. Australia expects record wheat crop, and intends to repair its shaky last season position in the markets of Southeast Asia.
Additional pressure came from the neighboring corn market, where the fall was determined weekly data export. Yes, and the results of the export sales of wheat were below the average expectations.
Only from November 21 to December contracts for soft wheat SRW have already fallen in price by 14.24 $/ton.
The December U.S. winter wheat have decreased:
soft wheat SRW in Chicago at $3.31 to 136,50 $/ton
hard wheat HRW in Kansas city for $2.66 to 141,09 $/ton
Hard spring wheat HRS in Minneapolis has increased by $0.55 to 198,78 $/ton.
Translated by service "Yandex.Translation"
